‘We never say told you so’: Toyota says the market has spoken on electric cars as EV sales flatline in Australia, while petrol-hybrids like the Toyota RAV4, Corolla Cross and Kluger soar

AutoExec Summary:

Toyota says the electric car market in Australia is growing, with a significant increase in hybrid sales. Despite criticism for being slow to act on electric vehicles, Toyota’s investment in internal combustion engine technology has paid off, with soaring hybrid sales. In contrast, EV sales have flatlined, leading other brands to backtrack on all-electric promises. Toyota is content with its strategy, emphasizing the inevitability of decarbonization but acknowledging the slower-than-expected growth of electric vehicles.

Brands mentioned: Volvo, GM, Ford.